Welcome to Real Estate Pro Tips. Pete Sabine and Leslie Whitney are real estate professionals with Compass and the Five Star Real Estate Team in the San Francisco Bay Area of California. This podcast series features guests who are specialists in home loan financing, staging, property inspections, property management, home warranty, insurance, and other real estate related services. Our podcasts provide real estate expertise to give you a competitive edge and provide insight with useful information so you can make an informed decision for your real estate needs. Our goal is to provide proven tips and strategies to make your home buying or selling goal a reality. Pete has represented homeowners & buyers since 1985 with over 36 years of local real estate expertise and over 1000 successful real estate sale transactions. Pete excels at real estate contract negotiations, home preparation projects, social media marketing, creative financing and real estate investment strategies. Pete is the co-author of the book "Get the Best Deal When Buying or Selling Your Home" which is like having your own coach in a book. Our podcast series is the online version of this book where you can access each podcast episode as a resource. Leslie has over 16 years of experience in advertising, marketing, banking, retail, commercial and residential real estate. We hope you enjoy our Real Estate Pro Tips and we encourage you to share our podcasts with anyone you know who is looking to buy or sell a home Call or Text 925.297.5335 to reach us with your questions or referrals.
Episodes
Thursday Sep 24, 2020
Thursday Sep 24, 2020
Buying a home is more complicated than showing up with a suitcase full of money and making a purchase like you are at a supermarket. Very few buyers have that kind of financing on hand. Most will need to seek out other financing means, usually through home loans.
But not all loans are equal, and the process, as well as the vocabulary, can be very intimidating and confusing.
Bob Casper of Cross Country Mortgage joins the Real Estate Pro Tips podcast to help shine a light on the home loan process, and hopefully make the process seem less daunting to you, the listener.
After listening to this episode, give Bob a call if you are looking to secure a home loan. You can reach Bob Casper at 925-324-2029.
0:52 Opening
2:03 Home Loan vs Mortgage
5:41 Subject To’s
8:56 Reasons People are Denied a Home Loan
14:42 Improving Your Chances of Approval
17:11 Interest Rates and What Influences Them
19:12 Points
24:20 Buying Down Interest Rates
29:26 Rate Locks
34:46 Reasons NOT to Lock in a Rate
35:40 Pre-Approval Letter Conditions
39:56 Structuring a Competitive Offer
43:54 Contningencies and Time Frames
45:58 Eliminating Loan Contingencies
50:34 Conventional, FHA and VA Loans
55:01 Differences Between Loans
58:59 FHA/ VA Loans and Condominium Complexes
1:00:59 Mortgage Insurance
1:04:17 Adjustable Rate Loans
1:05:48 Mortgage Interest Rates & the Bond Market
1:10:41 Looking Ahead at Interest Rates (Crystal Ball Moment)
1:15:09 Loan Refinancing and Home Purchase Loans
1:18:34 Funding for Appraisals
1:21:29 Appraisal Standards in 2020
1:25:18 Underwriting Guidelines
1:28:12 Pros and Cons of Buying Your Next Home Before Selling Your Current One
1:31:43 Covid-19 Pandemic and the Housing Market
1:36:05 Lessons We Can Learn from the Pandemic
1:43:04 Wrap Up
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